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History and Timeline

It has been 40 years since the creation of the A.B. Won Pat International Airport Authority, Guam (GIAA).

GIAA was created as a government entity by public law - P.L. 13-57. Prior to the enactment, the airport business was handled as a division of the Department of Commerce until January 1976 when the Airport Authority took over terminal operations in the facility, the former Commuter Terminal, and now a leased facility. At that time, the only three carriers using the facility and servicing Guam were Pan American Airways, Continental Air Micronesia and Japan Airlines.

Since then, GIAA has built two new terminal buildings. The first one, funded by $43M in revenue bonds was completed in 1982 and was referred to as the "white elephant" because most island leaders thought it would never reach capacity. However, within its fifth year of tenancy and operations, the first terminal was over-crowded and bursting at the seams with passengers.

The second and current terminal is the end product of a $241M expansion and construction project fully completed in September of 1998, making it the largest single capital improvement project ever completed on Guam.

GIAA has embarked on an aggressive capital improvement program of priority projects that infused $167Million into the Guam economy in 2014. These projects are funded by the successful sale of $247M in General Revenue Bonds sold in September 2013.

GIAA takes you through a timeline of significant events in our development.

2017

Moodys affirms Baa2 Rating in January and Standard & Poors Affirms BBB Rating in June

Moody's and Standard and Poor's latest rating acknowledged the ability of the airport to maintain fairly stable operating performance despite vulnerability to natural events and significant dependence on tourism and military activity. "Maintaining our investment grade rating is of great importance to our bond holders, especially as we embark on the construction of the $110 million third floor corridor that will separate arriving and departing passengers.

Airport launched Vision Hulo' with the $110M Construction of the International Arrivals Corridor Project in July

Vision "Hulo'" is a campaign of initiatives the Airport has adopted to promote growth, development and opportunities and enhance Guam Airport's profile in the region and its connectivity with the world. The International Arrivals Corridor will basically create a 3rd level to the current Airport Terminal, which will be accessed by "pods", built externally to the current structure. Arriving passengers will be transported up to the third level at these pods, and will be led directly to the US Customs and Border Protection Hall, completely separated from departing passengers in the 2nd level concourse.

Airport Commissions two New ARFF Vehicles at a value of $1.25M in August

The two new Rosenbauer units modernizes our fleet with the 2nd custom manufactured fire truck for the Airport, and a rapid intervention vehicle. This brings our fleet number to seven ARFF units protecting our Airport and runways.

FAA Award $9.7M in Federal Funding

Construction of a new Aircraft Rescue and Firefighting (ARFF) Building;

Design of the Rehabilitation of Terminal Apron areas; and

Design work for the Rehabilitation of the Runway 6L

Construction of the International/Third Floor Corridor Project

Two Years Running – FAA Gives Guam Airport Perfect Score

The annual inspection was conducted September 25 – 29, 2017, and revealed that the airport is operated in full compliance with 14 U.S. Code of Federal Regulations (CFR) Part 139, the Airport Certification Manual, and the Airport Operating Certificate. Mr. William J. Brown, certification inspector from the FAA Honolulu ADO, assessed our facility from top to bottom, day and night, over a three-day period. In terms of facilities this included runway and taxiway pavement markings and airfield lighting. Extensive review of our Airport Certification Manual, firefighting training, self-inspections, and aircraft fueling operations were also inspected. We are extremely proud that, for two consecutive years, the Guam Airport received a 100% perfect score, and is the first and still the only airport in the entire Pacific region to hit this mark.

GIAA welcomes new Airline to Guam – Air Seoul begins Incheon /Guam service in September

Air Seoul joined the Airport family with 7x weekly direct services between Seoul and Guam. They become the 6th carrier to service this very important market that has offset the decrease other tourist markets.

2016

The following outlines the most significant accomplishments in the areas of 1)Air Service Development & Operational Performance; 2) new and improved Capital and
Infrastructure Improvement; 3) Economic Impact, 4) Customer Service Improvements and 5) Community Engagement:

Air Service Development

2 New Airlines now provide direct service to Guam, allowing for more options for customers to travel with the region:

Cebu Pacific operates 4 times weekly from Manila. Now 3 airlines service this route

HK Express operates 4 times weekly from Hong Kong. Now 2 airlines service this route

As a result of our exemplary record of safe and secure facilities recognized by the FAA , and fully compliant with international standards,
Guam Airport Japan Airlines Pilot Training Program continues at Guam Airport for its B737-800- equipment. This type of operations expands Guam airport's
business portfolio in being pilot and flight training ground in the Asia Pacific region.

The Airport is looking forward to future air service to include connectivity to Australia, expanded services to Taipei and expanded services
to the outer islands of Micronesia and the Marshalls.

Guam Airport Placed 9th Top Airport for International Arrivals nationwide, an amazing fact, in that we surpassed international arrivals of Atlanta Hartsfield
airport and came in right under Orlando, Florida in processing arriving foreign passengers.

Guam Airport Processed 1.7Million passenger enplanements in 2016, a record in enplanements since 1997 and indicative of passenger growth in our travel
market and Guam as a preferred destination.

Capital and Infrastructure Improvements

$97M 3rd floor corridor project now underway. This represents the 3rd largest infrastructure improvement in the Airport Terminal's historical development.
The first was the $43M terminal completed in 1982, the 2nd was the $241 Million Airport Terminal completed in 1996 and now this project.

New $900k Passenger Loading Bridge that allows passengers convenient and safe access from airplane to terminal

New $ 30M baggage screening relocation, freeing ticket lobby from bulky baggage screeners, moving it to back of the house

$2.2M in Restroom repairs and refurbishments, with new family and lactation rooms in the Terminal

$600k investment in passenger processing technology. 8 self service kiosks now available for eligible passengers , bypassing USCBP officer
inspection and shaving time off the entry/arrival process.

To expedite passenger processing, the Airport introduced new technology – the Automated Passport Control kiosks – that improve passenger processing upon
entry to Guam with self processing capability, created multi language instructional brochures for placement in passenger seat pockets, and is now a participant
in the Reimbursable Program with the USCBP that allows Airport to request for additional officers during peak travel periods to augment customs officers for
expedited processing or passengers.

To welcome all our tourist markets, the Airport increased foreign speaking, passenger assistance, via the Airport Ambassador Program, that
helps passengers fill out forms and assists in queuing and directing passengers through the US Customs and Border Protection Hall.

To accommodate travelling families, new Family comfort rooms and lactation rooms available throughout the Terminal

In an effort to improve the check in process while meeting security requirements, the Airport has moved the baggage screening system to the back of the
house allowing passengers to simply check in their bags during the ticket process. This eliminates the need for passengers to lug their baggage to the
baggage screening pods that were placed in front of the ticket counters. This process will be fully in place in March of 2017.

Community Engagement & Professional Involvement

Over 2,400 school children toured the airport throughout 2016 for a first hand travel experience and open eyes to the travel industry.

Guam Airport Management holds Board Positions in prestigious International Organizations, enhancing Guam Airport's role for travel in the region

Board Member of Pacific Air Travel Association, Aviation Committee

Board member of the Airports Council International Asia Pacific Region

Guam Airport was recognized by being awarded the prestigious Routes Asia Marketing Award for our outstanding air service development program in 2017.
This is a result of acquiring two new carriers in the year of 2016.

2015

2015 Guam's Primary Extended Runway 6L/24R becomes fully operational with the FAA officially publishing that the runway was open for take-offs, arrivals and departures on June 25, 2015. The extension of RW 6L/24R from 10,000 linear feet to 12,000 linear feet was a work in progress for over five years in progressive phases with over $70M invested.

2014

Jin Air upgauged its capacity in December 2014
servicing the Seoul/Guam route, using a B77-200 aircraft with 355 seats, from
a B737-800 capacity with 183 seats.

United Airlines resumed the Seoul/Guam flight in
October 2014, after suspension of the route serviced by then Continental Airlines
in 2001, operating 7x weekly on a B737-800 aircraft.

United also introduced twice weekly services
Shanghai/Guam in October 2014, making this first scheduled operation to mainland
China from Guam.

Philippine Airlines increases its flights from 5x
to 7x weekly to Manila, on its A320 aircaft, effective August 2014.

Lotte Duty Free celebrates its 1 year in operation
on July 21, 2014.

15 recruits successfully completed the 1st
cycle and were installed as Aircraft Rescue and Fire Fighter Fighters in
June 2014.

2013

The Airport issued and closed $247 Million in General Revenue bonds
on 9/27/13. The bonds refinanced the 2003 revenue bond balance, and provides for
new money for additions, improvements and enhancement of GIAA terminal and
facilities.

Japan Airlines commenced cadet pilot training on
the B737-800 and the B767-300 at the Guam International Airport, enhancing Guam's
reputation as a regional player with attractive facilities and a viable place for
pilot training.

2012

2012 marked a year of new visitors, tenants, and operators with significant
impact to total arrivals and services available at the Guam International Airport.

Russian Tourists arrive on Guam under the Guam/CNMI
Visa Waiver Program, effective February 15, 2014 Under the program, Russian
nationals with parole authority were able to travel to Guam and CNMI visa free
for a period of 45 days.

FEDEX opened its office in July of 2012 at the
Integrated Air Cargo Building in Tiyan, marking its presence onsite, vs.
offsite sales and freight office of the past.

Jeju Air commenced daily operations from Seoul to
Guam on September 28, 2012, operating a B737-800 with a 186 passenger seat capacity.

2011

2011 marked a year of changes in service for some airlines.

All Nippon Airlines and Japan Airlines both retired
their B747 aircraft on Guam.

Continual investment in Airport facilities were in various stages of completion:

Description:
Insulation of a total of 500+ single / multi-residential units situated around
the airport at an average of $59k of improvements per home. The home insulation
program is a multi-year FAA program and paid for by AIP grants.

Demolition of Former Naval Housing Phase II

Project Cost:
$ 2,000,000

Project Status:
Completed November 2009

Project Description:
Demolition of Blocks 10-16 in North Tiyan to prepare property for development.
Involved demolition of 7 blocks of former naval housing, and the demolition of
old NAS swimming pool

2008

Significant Development of Airport Properties transpired in 2008, with four
express package facilities and cargo operators investing in Build-Operate-Transfer
and long term leases with the Airport Authority:

MSA Logistics Groundbreaking

New building project to consist of approximately 20,000 square feet
of warehouse and office space

Project Investment: $1.5M

Triple B Freight Forwarders (Guam), Inc. Groundbreaking

New building comprises 22,000 square foot air and sea multi-modal
cargo facility.

2007

The total economic contribution of Guam's Airport per year was computed to
be $1.7 billion dollars consisting of $291M direct,
$1.1B in indirect and $326M in induced financial activity according to an Economic
Contribution Report released in September of 2007 by Jacobs Consultancy, Inc.
Airport operations was reported to generate 20,440 jobs,
representing a total payroll of $628M.

Triple B Forwarders broke ground at its new facility site on Block 1 in Tiyan in
August 2007. Triple B Forwarders investment is estimated at $2.5M for a multi-modal
facility measuring 22,000 square feet, and will serve as a critical regional air
and freight forwarder hub. This development certainly falls within the initiatives
set forth in terms of compatible land uses of Tiyan property, and positions us to
play an integral role in the cargo business in the region.

2006

New opportunity to develop cargo and passenger activity occurred in 2006.
In December 2006, the US Department of Transportation granted a 2-year term
for foreign carriers with DOT authority, with some exception to engage in
transportation of cargo through Guam. More recently, US and China concluded
discussions on bilateral civil air service. As a result, the People's Republic
of China may designate an unlimited number of airlines to operate the agreed
services to Guam and Saipan, effective August 1, 2007.

Japan Airlines celebrated its 35th Anniversary of serving the Guam market.
Japan Airlines service helped foster and develop Guam's primary tourist market,
and is a major player in the transport of over 1 million Japanese to Guam annually.

2005

The A. B. Won Pat International Airport's K-9 unit joined the prestigious
Transportation Security Administration's (TSA) National Explosives Detection
Canine Team Program through a cooperative partnership with TSA.
The TSA-certified canine teams reflect the core values of the Department of
Homeland Security - providing first responders with the right tools, technical
assistance and funding to protect our nation's interest, and is a valuable
asset to the Airport Safety program, combining excellent mobility with reliable
detection rates. New and improved facilities and more efficient operations added
to the quality of service for those doing business at the Airport.
DHL Worldwide Express opened its new $1.2M Express Package Facility in the
Airport Development Area, symbolizing a continued commitment to a long term
presence on Guam. Airline partner, Continental Micronesia, improved its
operation at its maintenance hangar, after a $3.5M upgrade and retrofit for
efficient and safe operations.

2004

The Authority hosted the 14th Annual Airports Council International - Pacific
(ACI-Pacific) Regional Assembly & Conference in May 2004. Over 200 airport
and aviation-related executives from 17 countries participated in the conference.
GIAA launched the pilot phase of the Residential Sound Insulation Program.
The phase involved approximately 30 homes currently impacted by airport noise
measuring over 65 decibels. The Airport received $2M in FAA funding to cover
the costs of treating the homes with sound insulation measures.
The Airport welcomed world-renowned artist "Wyland" to Guam in 2004.
As part of his international tour, an original mural was painted in the Terminal,
making it the 91st piece of art in his Whaling Wall series.

2003

Through the success in the refunding of the $211M 1993 General Revenue Bonds,
the Authority was able to take advantage of the low-interest environment and
strong demand for triple tax exemption bonds. The refunding of the bonds
provided a gross savings of nearly $20M to the Authority over the next twenty
years, equal to approximately $14M in savings on a net present value basis at
the end of the Fiscal Year. The refunding made it possible for the Airport to
decrease per passenger fees assessed to airlines by 29.4%.

GIAA Board of Directors approved signatory status for Korean Air, which
represents a long-term commitment by Korean Air to continue dedicated service
between Guam and Korea.

2002

A banner year in our recovery, new and increased airline services included
a resumption of Korean Airlines Seoul-Guam route, Philippine Airline's
resumption of air service to Manila, Asiana's addition of a new Pusan-Guam route,
All Nippon Airways inaugurated direct flights from Narita to Guam to complement
their Osaka-Guam air service, and JAL added two more flights to their six flights
a week to Narita.

2001

Aerospace Concepts Inc. Corporate Business Center became a fixed based operator
at GIAA facilities; a Flight Kitchen facility was conceptualized, an Express
Package Facility was designed and internet kiosks and a cellular phone rental
concession became operational.

2000

In September of 2000, title to 1,417 acres of former US Naval properties was
officially transferred to the Guam International Airport.

GIAA posted significant increases in arrivals and departures in the year of 2000
as a result of aggressive pursuit of new and increased air services and marketing
of Guam in our tourist markets. 2000 arrivals over 1999 increased by 36%,
departures increased 37%, cargo increased 5%, aircraft landing and takeoffs
increased 11%, and aircraft gross take off weight increased 74%.

1999

The Phillips North American Directory ranked Guam 4th top U.S. Gateway to/from
Asia and Australasia in 1999. Significant developments in air service included
the following new and increased air services: China Airlines begins charter
flights to Taipei, Continental Micronesia added four new Boeing 737-800 aircraft,
Japan Airlines service to Nagoya increases to twice daily operations, Northwest
Airlines graduated its DC10 fleet to 747 aircraft on flights to Tokyo, and Asiana
Airlines celebrated a resumption of service to Seoul, South Korea operating 9
flights a week.

1998

In August of 1998, the second phase of the Terminal Expansion Project was
opened for operations.

The year also marked an historical arrival of Air Force One touching down on
the Guam International Airport's tarmac transporting the Honorable President
Bill Clinton. In his speech, Clinton stated, "I have logged thousands of miles
visiting many, many corners of America, trying to gain a greater understanding
every day of the rich diversity of our nation. No president, however, can ever
claim to have seen the breadth of America without coming here to our westernmost
boundary. I thank you for making me feel so welcome, where America's day begins."

1997

GIAA conducted a full scale disaster simulation to fulfill requirements of FAR
Part 139 for the first time. This simulation organized an island and agency-wide
response to a mass casualty on airport grounds.

1996

The first phase of the terminal expansion project was completed on
September 10, 1996. The completed phase featured an expanded terminal space of
550,000 sq. ft. from 220,000 sq. ft., a new larger customs and immigration hall,
public parking lot with 710 spaces, new and expanded retail space, an automated
baggage system capable of processing 120 bags per minute, and four pairs of
moving walkways along the concourse.

1995

GIAA obtained an Airport Operating Certificate from the FAA in preparation for
the closure of Naval Air Station. April 1, 1995 marked the first date that
Guam's only commercial airport was fully operated for the first time by civilian
air traffic controllers and GIAA Operations Officers, responsibilities that
originally belonged to the US Navy.

1985

The Board of Directors approved a 5-year capital improvement program consisting
of construction of the Airport Access Road, concourse extension project,
extension of the departure lounge, apron parking extension and a parallel taxiway.

1984

Continental Air Micronesia introduced service to Hong Kong.

1983

All Nippon Airways (ANA) began charter flights to Guam which led to the
inauguration of their international service three years later.

1982

The new $43M Guam International Air Terminal was dedicated on January 19, 1982.

1981

1980

An Economic Impact report identified $25,395, 000 as direct dollar impact from
airlines operating through Guam International Air Terminal. Of that,
approximately $5.87M went to wages, employee benefits and for goods and services
purchased locally.

1979

1978

Groundbreaking and site preparation of a new Guam International Air Terminal
was held in October 1978 to meet improved passenger services and capacity.

GAA Special Facility Fueling System Revenue Bonds were issued in the amount
of $3.25M, and was fully guaranteed by Lockheed Corporation with Wells Fargo
Bank. This provided for an unconditional and irrevocable guarantee that
Lockheed Corporation would meet all payments due in serving the bond issue.

1977

The Airport Expansion and Improvement Project plan was first drafted identifying
key issues for growth and development of airport facilities and services.

1976

Guam Airport Authority (GAA) took over operations of the air terminal
from the Department of Commerce in January 1976